Entrepreneurship and Innovation

Eighth Annual Conference on Innovation Economics

Thursday, June 18 - Friday, June 19, 2015

The Searle Center on Law, Regulation, and Economic Growth is proud to present the Eighth Annual Conference on Innovation Economics. The conference will be held at the Northwestern University School of Law in Chicago, IL. The conference will run from approximately 9:00 A.M. on Thursday, June 18, 2015 to 3:00 P.M. on Friday, June 19, 2015.

This conference is co-sponsored by the U.S. Patent and Trademark Office (USPTO).

The conference is organized by Daniel F. Spulber. The papers for this conference will be selected by a scientific committee that includes Justus Baron and Pere Arqué-Castells.

The goal of this conference is to provide a forum where economists and legal scholars can gather together with Northwestern’s own distinguished faculty to present and discuss high-quality research relevant to intellectual property (IP) protection, innovation, and entrepreneurship.

The Patent Applications and Examination panel has been approved for 2.0 CLE credits in the State of Illinois.

AGENDA

Registration

There is no registration fee for this conference, but attendance is by invitation only. To request an invitation, please send a message with your name, affiliation, and full contact information to the Searle Center at searlecenter@law.northwestern.edu.

Papers

Session One— Markets and the Value of Innovation

How Inefficient are Markets for Technology?
Manuel Hermosilla,* Johns Hopkins University, Carey Business School
Yufei Wu, MIT, Economics Department

The Strategic Value of Trademarks
Alan C. Marco, U.S. Patent and Trademark Office
Amanda F. Myers,* U.S. Patent and Trademark Office

Pharmaceutical Profits and the Social Value of Innovation
David Dranove, Kellogg School of Management, Northwestern University
Craig Garthwaite, Kellogg School of Management, Northwestern University
Manuel Hermosilla, Johns Hopkins University, Carey Business School

Session Two—Technology Standards and Innovative Cooperation

The Effect of Patent Pools on Patenting and Innovation; Evidence from Contemporary Technology Standards
Justus Baron,* Searle Center on Law, Regulation, and Economic Growth at Northwestern University School of Law
Tim Pohlmann, Mines ParisTech and Technische Universität Berlin

Standards, IPR, and Inventive Activity: Evidence from the IETF

Wen Wen, McCombs School of Business, The University of Texas at Austin
Chris Forman,* Scheller College of Business, Georgia Institute of Technology
Sirkka Jarvenpaa, McCombs School of Business, The University of Texas at Austin

The Impact of R&D Cooperations on Drug Variety Offered on the Market: Evidence from the Pharmaceutical Industry
Tannista Banerjee,* Auburn University, Department of Economics,
Ralph B. Siebert, Purdue University, Department of Economics, Krannert School of Management

Strategic Collaboration in Dynamic R&D Competitions
Andrea Blasco, Institute for Quantitative Social Science, Harvard University

Session Three—Patent Applications and Examination

Patent Litigation and USPTO Trials: Implications for Patent Examination Quality
Alan C. Marco,* Chief Economist, U.S. Patent and Trademark Office
Richard D. Miller, Economist, U.S. Patent and Trademark Office

Is the Time Allocated to Review Patent Applications Inducing Examiners to Grant Invalid: Evidence from Micro-Level Application Data
Michael Frakes,* Northwestern University School of Law
Melissa Wasserman, University of Illinois College of Law

Ex ante Information Provision and Innovation: Natural Experiment of Herbal Patent Prior Art Adoption at the USPTO and EPO
Prithwiraj (Raj) Choudhury,* Harvard Business School
Tarun Khanna, Harvard Business School

The Economics of Patent Backlog
Alexandra K. Zaby*, University of Tuebingen, School of Business and Economics
Gaetan de Rassenfosse, Ecole polytechnique f´ed´erale de Lausanne, College of Management

Session Four—Financing and Innovation

Creditor Rights and Innovation: Evidence from Patent Collateral
William Mann, Anderson School of Management, UCLA

Independent Boards and Innovation
Benjamin Balsmeier,* University of Paderborn, Dept. of Management, and University of Münster, Institute for Organisational Economics
Lee Fleming, Fung Institute for Engineering Leadership, University of California, Berkeley
Gustavo Manso, Haas School of Business, University of California, Berkeley

Corporate Income Taxes, Financial Constraints and Innovation
Julian Atanassov,* Department of Finance, Lundquist College of Business, University of Oregon
Xiaoding Liu, Department of Finance, Lundquist College of Business, University of Oregon

Venture Capital Influence on Innovation: A Fund-Level Perspective
Supradeep Dutta, SUNY Buffalo - School of Management

Session Five— Incentives to Innovate

New Ideas in Invention
Mikko Packalen,* University of Waterloo, Department of Economics
Jay Bhattacharya, Stanford University

Individual versus Institutional Ownership of University-Discovered Inventions
Dirk Czarnitzki,* KU Leuven, Dept. of Managerial Economics, Strategy and Innovation and Centre for European Economic Research (ZEW)
Thorsten Doherr, Centre for European Economic Research (ZEW) and University of Luxembourg
Katrin Hussinger, University of Luxembourg, Centre for European Economic Research (ZEW), and KU Leuven, Dept. of Managerial Economics, Strategy and Innovation
Paula Schliessler, KU Leuven, Dept. of Managerial Economics, Strategy and Innovation and Centre for European Economic Research (ZEW)
Andrew A. Toole, Economic Research Service, US Dept. of Agriculture and Centre for European Economic Research (ZEW),

The Value of Entrepreneurial Failures: Task Allocation and Career Concerns           
Andrea Canidio
,* Department of Economics, Central European University
Patrick LeGros, Université libre de Bruxelles (ECARES)

Session Six—Effects of Patents on Innovation

Effects of Patent Rights On Industry Structure and R&D 
Tolga Caskurlu, University of Amsterdam Business School

Patents and the Success of Venture-Capital Backed Startups: Using Examiner Assignment to Estimate Causal Effects
Patrick Gaulé, CERGE-EI

Strategic Secrecy of Pending Patents
Bernhard Ganglmair,* The University of Texas at Dallas, Naveen Jindal School of Management
Jong-Min Oh, The University of Texas at Dallas, Naveen Jindal School of Management

Intellectual Property Protection and Financial Markets: Patenting vs. Secrecy
Nishant Dass, Scheller College of Business, Georgia Institute of Technology
Vikram Nanda, Rutgers Business School,
Steven Chong Xiao, Rutgers Business School

 Presenters are indicated with an *


View past Entrepreneurship and Innovation Conferences

For more information regarding this conference or other initiatives of the Searle Center, please call (312) 503-1811 or send an email to searlecenter@law.northwestern.edu.